AMC Networks (AMCX, Financial) experienced a significant stock price drop of 5.01%, trading at $9.10 per share. The trading volume reached 132,613 shares, with a turnover rate of 0.30% and a price fluctuation of 4.33%.
Recent financial reports show AMC Networks generated $600 million in revenue, with a net profit of $41.38 million and earnings per share of $0.93. The company's gross profit stood at $289 million, and it has a price-to-earnings ratio of 12.83.
Regarding analyst ratings, out of eight participating institutions, 25% recommend buying, 25% suggest holding, and 50% advise selling the stock. The entertainment industry, where AMC Networks is categorized, saw an overall decline of 0.04%.
Within this sector, Brera Holdings Plc, Roku, Inc., and Allied Gaming & Entertainment Inc. showed notable gains. Meanwhile, stocks like Color Star Technology, Brera Holdings Plc, and Dave & Buster's Entertainment, Inc. were active, with turnover rates of 64.76%, 5.69%, and 1.68%, respectively. Stocks with significant price swings included Alliance Entertainment Holding Corp, Color Star Technology, and Brera Holdings Plc, with fluctuations of 47.05%, 25.00%, and 16.99%.
AMC Networks operates several linear pay-TV networks, including AMC, WE tv, BBC America, IFC, and SundanceTV, reaching nearly 65 million U.S. households by the end of 2023. The company also boasts around 11.5 million U.S. streaming subscribers, primarily through its AMC+ platform. Following international asset divestment, domestic operations now account for nearly 90% of total revenue.
